|
PPG to Exit Insulating Glass Sealants Business
PPG Industries announced on December 2 that it would discontinue its
PRC insulating glass sealants business. The company cited declining
demand in the North American residential construction market as the primary
reason for this decision.
PPG said production would cease by March 15, 2009, at its Gloucester City,
N.J., insulating glass sealants manufacturing facility, which employs
approximately 29 people.
"These decisions are never easy, especially when they affect employees
who have been solid contributors and colleagues," says Mark Fanelli,
director of sales, performance glazings. "However, after a careful
business review, we have concluded these steps are necessary."
PRC insulating glass sealants are sold and marketed by PPG's performance
glazings business. PRC insulating glass sealants are used in the
manufacture of insulating glass units for dual-pane windows for residential
and commercial construction. Products include polyurethane and polysulfide
polymer-based sealants, silicone, polyisobutylene, reactive hot melts
and desiccant matrix.
Need more info and analysis about the issues?
CLICK
HERE to subscribe to DWM magazine.
|